Victim Recovery After Ponzi Scheme Unravels

, New York Law Journal


In his Corporate Crime column, Fried, Frank, Harris, Shriver & Jacobson partner Steven M. Witzel writes: Arguably every investor in a Ponzi scheme is a "loser" - duped and betrayed by someone who they trusted with their money. But in the wake of the Madoff and other Ponzi-style investment scandals, courts and commentators have struggled to differentiate between "winner" and "loser" investors in order to determine "fair" compensation for victims.

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